VM0052 Accelerated Retirement of Coal-Fired Power Plants Using a Just Transition, v1.0


Details
Status Active Since 06 May 2025
Outcome Labels Reductions

This methodology determines net greenhouse gas (GHG) emission reductions resulting from the accelerated retirement of grid-connected coal-fired power plants (CFPPs) paired with the addition of renewable electricity to partially or fully replace the lost electricity capacity.

Project proponents must use this methodology in conjunction with VMD0061 Just Transition Requirements for Accelerated Retirement of Coal-fired Power Plants to ensure that projects are accompanied by a comprehensive just transition plan and implementation. The just transition mitigates negative impacts of accelerated retirement of CFPPs such as loss of livelihoods of workers, their households, contractors, and communities.

Project proponents must use this methodology in conjunction with VMD0061 Just Transition Requirements for Accelerated Retirement of Coal-fired Power Plants to ensure that projects are accompanied by a comprehensive just transition plan and implementation. The just transition mitigates negative impacts of accelerated retirement of CFPPs such as loss of livelihoods of workers, their households, contractors, and communities.

VMD0061 establishes criteria and procedures related to a just transition for stakeholders directly or indirectly impacted by the accelerated retirement of a coal-fired power plant (CFPP). This module must be used by projects applying VM0052 Accelerated Retirement of Coal-fired Power Plants Using a Just Transition. The requirements for stakeholder engagement and safeguards established in the most recent version of the VCS Standard also apply for both CFPPs and paired renewable electricity power plants.

Explore additional technical guidance, tools, templates, and supporting resources designed to help project developers strengthen quantification approaches, improve modeling accuracy, and support effective implementation of VM0052 projects.

VM0052 Resources

The following revisions to this methodology are currently under development or open for public consultation.

Proposed Revision to VM0052 Accelerated Retirement of Coal-Fired Power Plants Using a Just Transition, v1.0 and VMD0060 Combined Baseline and Additionality Assessment for Accelerated Retirement of Coal-fired Power Plants, v1.0

View proposed revision

VM0052 Accelerated Retirement of Coal-Fired Power Plants Using a Just Transition, v1.0

Status: Active since May 6, 2025
Mitigation Outcome Label Eligibility: Reductions
Developer(s): Coal to Clean Credit Initiative (external) led by The Rockefeller Foundation (external) and supported by South Pole Carbon Asset Management Ltd. (external)
Dates of Public Consultation:

  • 1st Consultation: December 4, 2023 to January 16, 2024
  • 2nd Consultation: October 17, 2024 to November 20, 2024

Draft Shared During Public Consultation:

Summary of Public Consultation: See Appendix 1 of the VVB Assessment Report
VVB Assessment Report(s): VVB Assessment Report for VM0052, v1.0 (PDF)
Announcement(s): 1st Consultation Announcement, 2nd Consultation Announcement, RFP Announcement, New Verra Methodology Supports Coal Phase-Out and Just Energy Transition

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